Asking Price: $1,895,000

The subject property is located off South Santa Fe Ave in the heart of downtown Vista, within the vibrant and well-known Vista Village, and presents a compelling opportunity within a designated Opportunity Zone. This designation offers potential tax advantages for investors, including deferral and possible reduction of capital gains, making the project especially attractive for long-term investment strategies. Conceptual design studies by a well-known architect have outlined a plan for a 39-unit mixed-use development, incorporating residential units along with ground-floor commercial space to complement the areas walkable, urban character. The proposed design envisions a cohesive project that aligns with the ongoing revitalization of downtown Vista. A buyer may choose to capitalize on both the Opportunity Zone benefits and the groundwork already completed by the seller, moving forward with entitlements for the existing mixed-use concept, or explore alternative development approaches that maximize the sites zoning and investment potential. Please contact Stevie Berman at (408) 202-0611 for more information.